Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Government

CPI Rises 0.3% in December; Jumps 4.1% for 2007

The consumer price index rose 0.3% in December and the CPI for the full year was 4.1%, the highest level since 1990, the Labor Department said Wednesday.

January 16, 2008
Business, Safety, Government, Logistics

Minneapolis Bridge Collapse Linked to Design Flaw

A design flaw in steel plates contributed to the collapse of a bridge in Minneapolis last year that killed 13 people and injured more than 100, Bloomberg reported Tuesday, citing the National Transportation Safety Board.

January 16, 2008
Business, Fuel, Government

Panel Proposes 40-Cent Gas-Tax Boost

Federal fuel taxes should be boosted as much as 40 cents a gallon to finance highway, bridge and transit work, a panel created by Congress said Tuesday, Bloomberg reported.

January 15, 2008
Business, Autonomous

Slagle to Succeed Vikner as Mack’s CEO

Mack Trucks said Tuesday that Dennis Slagle will succeed Paul Vikner as the company’s chief executive officer, effective April 1.

January 15, 2008
Fuel, Business, Logistics, Government

Diesel Drops a Nickel to $3.326

The national average price of retail diesel fuel declined 5 cents to $3.326 a gallon, the Department of Energy said Monday.

January 15, 2008
Business, Safety, Government, Logistics

Roundabouts Replacing Some Intersections in N.Y. State

New York state transportation planners are turning more right-angle intersections into roundabouts, which are derided by many but proven in a national study to be safer than some intersections with stop signs or traffic signals, the Associated Press reported.

January 15, 2008
Government, Business, Safety, Logistics

Southern California Ports Set New Container Fees

The ports of Los Angeles and Long Beach voted Monday to charge a new $15 per-container fee on loaded cargo containers starting next January, the Associated Press reported.

January 15, 2008
Business, Government

Business Inventories Gain in November

Business inventories rose 0.4% in November, the Commerce Department said Tuesday.

January 15, 2008
Government, Business, Safety

Producer Prices Dip 0.1% in December; Jump 6.3% for Year

Prices paid to U.S. producers dipped 0.1% in December but jumped 6.3% for all of 2007, the most in 26 years, the Labor Department said Tuesday.

January 15, 2008
Business, Safety, Government, Autonomous

ATA Talks with Chinese Trucking Delegation

American Trucking Associations welcomed a delegation of Chinese trucking officials to its headquarters in Arlington, Va., Monday, where the two talked about international trucking issues in the two countries.

January 15, 2008